Kapadia told CNBC TV18, "The way Sesa Goa has moved today, 300 was a headache of sort. Technically speaking we had seen an upward bi-reversal coming in a couple of weeks back. There were also some positive divergent in the weekly charts in the sense prices made a low bottom, indicator made a high bottom so I guess that seems to be working in its favor as of now but its difficult to call, difficult to trade if you have a position write it but I am not sure if it makes sense for a fresh entry."
He further added, "There is a lot of other stocks maybe like a Pantaloon , Videocon Industries , Mercator Lines whole bunch of stocks which are probably giving fresh breakouts or declining viz-a-viz Sesa Goa."
